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LAUNCH OF THE QUARTERLY ECONOMIC SURVEY

Herefordshire & Worcestershire Chamber of Commerce want local businesses to take part in our first economic survey for 2018.

The Chamber will be launching the first Quarterly Economic Survey (QES) for 2018 on Monday 19 February.

What is the Quarterly Economic Survey?

The Quarterly Economic Survey (QES) is the largest and most representative independent business survey of its kind in the UK.

The survey looks at a wide range of issues, including; home sales and orders, export sales and orders, employment prospects, investment, recruitment difficulties, cash flow, confidence and price pressures.
Those taking part in the QES have the opportunity to receive the finished report by providing their email at the end of the survey.

The importance of the QES

Local results are fed into the British Chambers of Commerce (BCC) to formulate the first national economic indicator of the quarter. Published in advance of official figures and other private surveys, it consistently mirrors trends in official data and, because of this, it is closely watched by key organisations including the Treasury, the Bank of England, the Office of Budget Responsibility, the EU Commission and the IMF.

The results from each quarter are closely monitored and help to shape our annual Business Manifesto which outlines the key areas we will focus on for the year.

Your opinions and views are extremely important to us as it helps us gain an insight into what is going on in local businesses and the key concerns and issues you are facing.

How to take part

Whether you are a small or large business, member or non-member of the Chamber, we want to hear from you!

We have made it quick and painless for local businesses to take part. Once it goes live on Monday, businesses will be able to take a 7 minute survey which includes tick-box questions covering a range of topics (e.g. sector, employment, investment and external factors).

The Chamber will be emailing businesses to take part in our QES on Monday 19 February. Don’t worry if you don’t get the email, we will also be posting a link to our website . Watch this space!